{
  "url": "https://openlegislation.uk/education-student-support-wales-regulations-2018/schedule-3/paragraph-19",
  "json_url": "https://openlegislation.uk/education-student-support-wales-regulations-2018/schedule-3/paragraph-19.json",
  "legislation": "wsi/2018/191",
  "legislation_title": "The Education (Student Support) (Wales) Regulations 2018",
  "legislation_url": "https://openlegislation.uk/education-student-support-wales-regulations-2018",
  "path": "schedule/3/paragraph/19",
  "kind": "paragraph",
  "number": "19",
  "heading": "P's income in currency other than sterling",
  "text": "(1) Where P's income is computed for the purposes of the income tax legislation of a member State, P's residual income is to be calculated in accordance with this Part in the currency of that member State and is to be taken to be the sterling value of that income determined in accordance with the relevant HMRC rate.\n(2) The relevant HMRC rate is the exchange average rate issued by HM Revenue and Customs for the calendar year ending immediately before the end of PY-1.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 3 para. 19(1) substituted (31.12.2020) by The Education (Student Finance) (Miscellaneous Amendments) (Wales) (EU Exit) Regulations 2020 (S.I. 2020/1302), regs. 1(3), 32(4)(d)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/wsi/2018/191/schedule/3/paragraph/19",
    "retrieved_at": "2026-10-28T23:24:02.114980+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}